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: it is a good thing we don't hold u.s. government to same standards we do to apple, the company sells only 5 million iphones and the stock sells down. welcome back i am neil cavuto, that is difference between apple and washington, one sets standard, and other has no standard remember one's reputation is such that it could be deemed a disappointment by selling just a few million in iphones. >> why, why, why? the question is not so much why we hold apple, to high standards, but why we don't hold the government to any standards. never punished for program that fail. and money wasted, stimulus checks, prison inmates, solar push for panels made in china. government subsidized check for chevy volts that don't sell. and stimulus that does not stim later, and regulation that stifle our very ability to innovate. in privacy sector companies would be pummeled for any one of these disappointment in, in public sector, part of government doing, here is difference, investors can sell, taxpayers cannot, does not mean you should sell apple, it means with the government you don't have that option. because unl
, university of maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but the speech never happened. john: he has positions on immigration that you disagree. i am not in alignment w
apparently shut it down. u.s. government is not required to mediate any disagreements between the two parties of the blue mountain libya partnership. saying it is currently satisfactory. there was no immediate response on the comment. a u.s. official is not denying reports the administration is laying the initial groundwork behind the attack as many as one dozen possible targets, ashley. ashley: thank you very much. let's get into this a little bit more, joining me now, retired united states army lieutenant colonel and former fox news middle east former senior advisor to governor romney and also author of the book "the coming revolution, struggling for freedom in the middle east." as we get more details on the events prior to the benghazi attacks it appears in the days, the weeks and the months prior there was plenty of warning signs. why is it these were the very least ignored? >> the main problem the administration has in libya is being unable to connect information from the various agencies. the fact there are militia on the ground proceeding as rebels. penetrated by al qaeda. because it w
government red tape is putting our country at a competitive disadvantage. plus, president obama gets a boost in the polls. the romney camp plays down expectations for next week's debate. some predictions. welcome to "the willis report." but, everybody. i'm lori rothman in for gerri willis perry the recovery is flat lining. the jobless rate has been about 8% for more than three years. but president obama is getting a well timed bump care of the labor department. bystanders showing more jobs have now been created and lost since the president took office. does this hurt mitt romney's argument? let's ask former republican governor mike huckabee of arkansas. it is wonderful to have you. >> great to be here. lori: what do you think of this jobs revision? it seems to be a nice boost for obama. >> if he is looking for anything, this is the lifeline he has. the fact is, of the jobs that have been created are jobs that are being created at a much lower pay scale than the jobs that people lost. some 30% lower. the fact that people have got a job does not necessarily mean they're better off. the key thi
for the video. why should we apologize for the video? the idea that a government is apologizing for this video is lamentable. cheryl: isn't it true, but that is seen as a weakness when you apologize for anything. as an opponent and not an ally, the president said today. doesn't that weaken our foreign policy? >> pretty much, i think no one really fears the united states in that region. they have basically discounted the american president and he goes to the united nations and says that bashar al-assad -- he said that 13 months ago, he is still saying the same things about syria. we have done nothing about this eerie intensity and things are what they seem to us. cheryl: one thing he has done with the issue of syria, he has put hillary clinton as the face. mostly she is not going to be a secretary of state. do they know that in the muslim world? do they see her as a credible person? >> i'm glad that you took us there. secretary of state quinten stop in south africa and there was a scene of her cutting a rug on a dance floor in south africa. people look at this as ridiculous. secretary clinton h
protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this
, $16 trillion in debt, just means the expansion of government. poll after poll shows the american people and american voters are concerned about how big the federal government has been getting. i hear a lot of repeats in what they're asking for. president obama may not be implementing an environmental policy that is directly geared toward climate change, but look at the epa policies under president obama. they are geared toward addressing climate change in terms of regulations ocoal mines. in terms of immigration reform we have seen president obama work on the. >> translator: and we just saw his executive order that looked very similar to that piece of legislation. it's kind of a repeatable we have already seen and a little out of touch with people concerned about right now. neil: i wonder if it is part of the perceived victor's already claiming the spoils. i suppose it mitt romney were the runaway favorite, you are seizing onkeeping open those facilities and military contracts or jobs that could be imperiled as aesult of even automatic sequestration. so are we seeing something we
to the foreign governments. he wants a more sophisticated interplay. that was where he was going with this. but he cited the initiative as the model that he would like to pursue. he said what bill clinton has done is a model for how far rin policy can go. many thanks. >> let's get right to our guests. retired four star general. general mccaffery, can i get your take on something, iran saying they have a big missile test and is this bs or is it real? >> i think they are trying to project eemense military power. i do think they have the batteries to close down the gulf for any kind of confrontation. military force is not the option in the gulf. >> but you could surmise that they were taking this test. because ahmadinejad was talking on the news yesterday. normally they would show us pictures. i'm skeptical, did anything happen at all or is this off the radar screen, nothing, zero? >> they have constructed a m missile industry and a lot of it was the russian defecting scientist. this is a third tier military power. >> let me ask you this, once again, president obama today at the un blamed the
how we have not done enough for you? or that we have funded evil governments before you. there is if risk to him in doing that. is there? >>guest: given the pat history of him meeting with netanyahu, there would be some risk he would be afraid something would show the two of them do not get along. the message that comes from not meeting, really, this administration is not as behind israel as they would like everyone to believe. more specifically, the jewish voters. i am astounded how many jewish voters are still voting to him. meeting with president morsi, why think our president is ready to stand tall when it comes to other world leaders. we have to stand there, put our finger in morsi's chest and say as long as we are giving you a lot of money we get to lay down and of the rules. the president was afraid to do either one of those, i think. >>neil: he had to make a decision, and barbara walters and ahmadinejad, barbara walters and ahmadinejad. who knows in. >> now to ed henry on how the white house is responding to the criticism, you are missing a golden opportunity. wh
of what has happened. shanghai in particular. we began to get word from the chinese government that they were going to try to push another stimulus plan for whatever you think it works. they were up 2%. general electric talked about it, the best performer in the dow jones. since 2008. general electric, a very strong component of the doubt. we are awaiting key earnings from nike and research in motion. can the blackberry maker prove that they are still in the game with the crockery can? >> we will break down the results who has a sneak preview. also, trade with china reaching over $174 billion this year. we have a ceo who is hoping to change all that by making it easier than ever for u.s. businesses to sell their products in china. the domestic market is booming. is that the place to be? he will tell you how to get in. first, today's data download. all three ending in the green. the s&p breaking a losing streak. technology and energy were top performers. utilities did lack of it. today was the biggest for stocks in september, the fed announced its money program. u.s. weekly jobl
know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion for four straight jeers. the "new york times" poll found in ohio romney has a slim 4-point lead on the deficit, and the "washington post" fact checkers gave the president four pinnochios for claiming the boost came from the leftover bush policies. >> that accounts for 10% for the increase in the deficit. >> the economy is front and center a week from tonight at the first presidential debate in november, and two days later, he'll brace for the september jobs report. lou? low low thank -- lou: casting a different picture for the race for the white house as gallop shows president obama stephens the lead 50-44 over governor romney showing that candidates could be locked in dead heat at 46%. joining me to break down the numbers is fox news digital politics editor and republican strategist and former member, george w. bush's senior
. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> is that essentially it? >> that's essentially it. people would have a choice of either traditional government- run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will the check that comes from the government cover the cost of government-run medicare or the private health insurance? >> oh, yeah, people will have a choice of at least two plans where they have no additional out-of-pocket cost other than the traditional medicare formula so they've got to have at least a couple options where they don't have to put up more money. as to the government plan, as long as the government is able to keep its cost down, keep its overhead down it could well be one of the lowest costs, if not the lowest cost option. >> pelley: separately republican party said today that it has filed a complaint again
-- >> thank you. dagen: -- how to frame this for a year now, private economy versus government economy. again, read the "wall street journal" editorial page. thank you, dan. good to see you. >> all right. dagen: our next guest says the best bet for investors is to put their money right where the federal reserve is. joining us now is ceo of advisors asset management. overseas 8.9 billion dollars in assets as the company's chief investment officer. scott good of you to be here. how much wind do you think the markets and which markets have at their back because of the federal reserve? what they said with this new policy is really open ended. >> not only is it open ended, but they committed that they would continue this behavior well into any recovery that we would see. and that's probably the big difference of what we saw last week versus the prior fed policy of just going on these bond-buying programs, calling it qe 1, qe 2. dagen: the goal of what the fed is doing to drive longer term interest rates down even more than you would put your money in treasuries, because it is very hard to get anyb
is going to do it wrong. there's no real problem between our government and the israeli government. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say lo
-- no one thinks israel is about to drop a bomb on tehran. so, the difference is this is a government with a record of supporting terror and look, no one talks about this very much, but if they had a nuclear weapon, they would be too dangerous. even if you believe they would never use it. if you believe they are sane and rational and their country, their civilization would be destroyed if they dropped a bomb on someone because everyone would know it and the retaliation would be incomprehensible. even if you believe that, too bad things will happen. a lot of their neighbors will get bombs. the more of these weapons you have hanging around, the more material you have, the more it will be stolen or sold or transferred to terrorists. that brings me to the second point, which is that iran has all these extensive contacts with terrorist groups and even if the government didn't sanction it, it wouldn't be that much trouble to get girl scout cookies worth of material -- it's enough to take out 20% to 25% of washington, d.c. just that little bit. so, the prospect of spreading, in a way, dirty
. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we have laid off a lot of cops, firefighters and teachers. that is not the way to get the economy humming again. >> governor gilmorgilmore. aka governor romney, what is your solution? >> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard go
that government warrants more money because of it we're all over it tomorrow,t. good night. gerri: tonight, more taxpayer green said to be wasted on another great energy program. nearly $200 million to be exact. plus, higher taxes, more spending cuts, or both. the big debate over how to fix our economy ridges on. the new survey out today from economists. welcome to "the willis report." ♪ gerri: and hello, everyone. it is the battle for the buckeye state, and it is getting expensive. president obama and challenger mitt romney said to campaign in a higher later this week. paul wright and leading the way today trying to rally the troops in an effort to us away the momentum away from the president. jeff flock exclusively sat down with republican vice-presidential nominee. and he joins me now. all right, he did not hold back on his criticism for the presidents, correct? >> reporter: that's right. he is not held back, and there are some republicans who have been somewhat critical of paul ryan's performance, wanted to see a little bit more explanation. the one we are used to with the church, the hous
calls meager benefits. lori: does the government need to regulate or gps? [talking over each other] lori: this is something. melissa: guess who would pay for it? regulation nation series continues. regulate your gps. melissa: maybe it find that when gives you bad direction. lori: that is okay with me. melissa: time to head to the stock exchange with nicole petallides. stocks trading lower today. nicole: they tried the rally once again. at 13,600 rally. we tried it before and try it again and they lose it. the high of the day 13,620 on the dow jones industrials. interday charge shows we sold off after the noon hour as we started to hear from the filly head. talking about monetary policy and pretty pessimistic and that played into this market as well as the fact that the imf may not give greece there nick heymann. lot of calls for a market that started pretty strong and another thing digesting its caterpillar having to repair products saying we won't make the profits we expected in years to come because economic growth is dwindling. with that through 2015 they are cutting their numbers. no
was if you take government money, how much say does the government have in how you run your business? i think that turned out to be very true. the government got very involved in how the businesses were run, including compensation. >> including compensation and the use of capital. how are you going to spend money on something you think is good for the business when the government says they don't agree? that's the case with aig, general motors. let me get to the study you have done on the middle market. what was the most compelling thing you learned from your middle market customers in terms of where they are in the lending world? >> there were two really interesting things. first of all, our middle market customers are generally optimistic about their business. even though they're worried about the economy, 87% of them saw their business growing in the next 12 months, which is great. the second thing that was interesting is they said that they were satisfied with their access to capital and actually satisfied with the cost of the capital. >> which totally poo-poos the idea that banks are not
. >> it is the government dependency sound bite that's gone viral in. 24 hours. listen to this. >> everybody in cleveland, no minority got obama for. >> obama phone. she's talking about a real government program that subsidizes cell phones for the poor. guess what? you might be paying for it. did you know that? i'll speak with a congressman about how he's trying to reign it in next. >>> then, think about a 75% tax rate. that could be a reality in france. the question is whether it could happen here. a mitt romney supporter gives us her take in a few minutes. >>> and he's the head of one of the richest sovereign wealth funds. he sits down with me for an exclusive in a few minutes. he owns a number of banks. find out where he's investing. back in a moment. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective
've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> developing right now, republican vice presidential candidate paul ryan is taking new aim at president obama's handling of the war in afghanistan. in fact, ryan just spoke a couple hours ago to laura engram on her radio show. >>> those are new comments from congressman ryan a couple house ago. in a new interview the u.s. commander in afghanistan says he's outraged by the recent surge and insider attacks. >> i'm mad as hell about them to be honest with you. we're going
near the name. >> brian: government employees can't use their title to help in election . the health and human secretary services she's going back on the road this weekend. "fox and friends" starts right now. ♪ "fox and friends". >> gretchen: wow, i didn't disrupt you from getting squiril and i came down and set down in notine three seconds. >> brian: the cart wheel was amazing. >> gretchen: in my high heels . welcome to eric boling. >> brian: good to know they are flying. rocky was smart enough to have helmet and goggles these squirils department are them. >> gretchen: wolehave more to talk to about this morning than that . and here are head lines. secretary of state hilary clinton meeting one on one with israeli benjamin netanyahu. sources tell folks news that they had an in-depth discussion about iran. netanyahu urged countries to get a clear red line. clinton reiterated the united states position that diplomacy. >> america want to resolve the issue through diplomacy and we believe there is time and pace to do so and that time is not unlimited and the united states will do what
ambitions are peaceful. >> just as it restrains the rights of its own people the iranian government continues to prop up the dictator in damascus and supports terrorist groups abroad. time and again it has failed to take the up today to demonstrate that its nuclear program is peaceful. meeting the obligations to the united nations. that is why the united states will do what we must to prevent a run from obtaining a nuclear weapon. lou: the president was careful in his language. radical islam not mentioned once in his speech even though there is convincing evidence and a consensus that it was not an attack carried out by terrorists with links by al qaeda if not led by al qaeda. president obama did defend israel in the context of the 2-dissolution the palestine. president obama did not use the word allied to it specifically describe our relationship with the jewish state. the president refused one-on-one meetings with any of the world leaders. this is the same man who, as a candidate, pledged to, more than four years ago, the with our enemies without preconditions. he criticized the b
. neil: and the government can. >> we have reached a tipping point. no matter who is in charge will not be able to fix the structural breakage in this economy. there is an appropriate partnership, we may give or terms and specifics but no beard with a thoughtful mind could say that private sector alone would lift this economy back to where it belongs, there are certain government actions that need to be taken as a comment to capitalism. >> you are now a socialist? >> not on the record. >> leo hindery, he actually does care about our country, clueless about that guy, but he does care, i'm kidding. neil: going the other way, do you remember yoko's big no, no, he wants to start a war on drilling, another hollywood hotshot giving her a run for her money, that is next, wait until yoko hears the competition, she will be hearing more of this. neil: matt going to the mat to take down natural gas drilling, joining celebrities such as yoko, who is literally screaming about this. what the fracq, hollywood needs to butt out. >> this is welcome. this is nothing but propaganda, this film is
to have government serve the people? at a tactical level the economy is no good. on of macro level but at the micro level gasoline is $2 a gallon higher than three years ago. it takes $2,000 out of every household budget would wages are not going up or are stagnant in one town geneva illinois disposable income is down $6,000. how can a family support that? neil: you passionate the present numbers in a way people understand i do like mitt romney personally anybody who gets the nba and law degrees simultaneously is beyond me. he is not presenting that argument may be the media does not allow him to do so by what is the half to do to keep it simple? >> ronald reagan brought it down to the individual it is my microphone, our town, home, village, police department. the regulations when you create a system that should solve problems but don't people will take shortcuts bordering is as high as it has ever been. mitt romney better get off a high horse to come down to mainstream. people are terrified right now the president is leading a lot of the polls but i look at the trend if you argue
. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. citigroup cannot buy it right now. basically sold by regulators. that is the problem he has. and what kind of record this gentleman has. think about how he leads the market. back in 2008 i remember several times went out and said head of merrill lynch that did not need new capital. you don't actively say one thing when the opposite is real. it was funny, when h what he woy that they would raise more capital, sell t
that the states are dealing with. our biggest risk is the federal government. melissa: you are worried you will not be getting money from the fed? how would you make that up? would you immediately start cutting? >> absolutely. what the federal government would look at the programs and we would start to scale them back. certainly, that is not on the top priority. congress this duty is to determine the spending priorities, the flow of money to the states and certainly we will scale those programs back. melissa: do you feel like this will really happen and, as a result, are you already planning? >> well, you know, and lots of programs the state administers are exempt from the sequestration. the other programs, the workforce training dollars, certainly as we are beginning to rebound, they will be difficult to administer and scale back. we will have to look at and determine how best to deal with them. melissa: that is the plan. that is where you would make the cut? >> yes. it will come through. it will be pretty prescriptive wherewith cut the programs. melissa: we have to go, but do believe thi
futures for america. he is saying that his choice is one where a smaller government would have facility private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened
of the weapons were linked to the government's failed gun tracking operation "fast and furious" with one agent dying and a second agent suffering injuries in arizona. part of the known drug smuggle ing area in that city. the f.b.i. is now investigating. >> each time that a law enforcement person is killed or shot or injured in the line of duty, we have to take a moment and think of the families and the heroes involved. we very much feel in our hearts and prayers going to the families. >>trace: officials named that border patrol station after brian terry. now, sir, what are authorities doing to find the suspects? >>guest: everything. this is a desert area that is flat, and runs up to the natural forest. it is a great area for smuggling but a difficult place to find someone. so we have virtually an army with helicopters in the air, a drone, as well, all looking for the suspects. early this morning at 2:00 a.m., local time, a sensor laid down by the border patrol on a known smuggling route, three agents went out. one was killed. another has two gunshots. he will be okay. a third was not hit. righ
there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >> huge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like solyndra, totally that is about one-third of federal spending right there. that is not only money that being wasted, it is diverting capital from its highest and best use, to the whims of politicians. melissa: yeah. >> when you divert investment decisions from investors that make those decisions based upon the best economic return for the dollar and give those decisions instead to politicians, they make those decisions based on the highest political return for the dollar. that's a very different thing. melissa: your number two on the list i like very much. it is enact losers pay. basically lawyers have a huge influence on the political system. and we're seeing this right now with consumer protection. if you enact a rule for lawsuits that the loser has to pay the cost, that would make a huge difference. >> i mean, predato
. at the retail level of 4% and total sales when you throw in fleet and government orders so far this morning weak performance by america's two principal carmakers pushed the dow industrials to the downside. we were up 50. real fast, we have expressed shares a loser. what do we do and how big are they down? nicole: they are down 19% and looking to the downside because there next quarter will miss after a downbeat august. they had a change in traffic. stuart: we are down three points on the dow industrials. our investors missing out on what has been a very strong stock market rally over the last couple years? federal reserve says $6.9 trillion is in savings accounts even though interest rates payable to these are extremely low. there has been a huge spike in the dow since the lows of 2009. this is a big story for charles payne. you do say the little guy has totally missed out on the stock market rally because they don't trust wall street. charles: 1,000%. talk about pouring salt on the. . march and february americans sold $50 billion of equity to the american market. $50 billion worth that gigantic
now, then basically the tax plan will never happen. governor romney knows how to govern in a bipartisan way. that's why he's proposing it the way he is. dagen: i think you will concede this as well if he starts giving specifics, then his opponent, the obama campaign can then get into well you are going to raise taxes on these people, is it really more of a political reason at this point in the election cycle? >> you know, i think that the political reason is that he wants the thing to pass next year, and he recognizes that to do that, then he's going to have to change the tone in washington. now he's coming in as an outsider who governed in the state with 85% of democrats. he knows what it takes to get things done. one of the things you don't do is go after the most treacherous areas of the code and draw lines in the sand so you can't negotiate on honest basis. i think the distinction between romney and obama will be very very clear in the debates. again we have a president with no proposals whatsoever. here we're talking about footnotes in the romney plan. dagen: you sn
, a shortage of water is keeping not just crops but the entire economy gov growing. ice government cuts its economic growth estimates. erthony mason looks at the drought and other threats to jobs. israel's prime minister shows how close he believes iran is to a nuclear bomb. how close is it? david martin looks into that. mark phillips on a controversy ealthe art world. she has that mystic smile, but ?s this a real mopa lisa? who says crime doesn't pay? jim axelrod on an auction of memorabilia from america's most notorious criminals. >> reporter: this was in clyde's waistband? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. it turns out the economy is growing even more slowly than we thought. the government told us that u.s. growth in the second quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, incl
understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> s that essentially it? >> that's essentially it. people would have a choice of either traditional government-run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will the check that comes from the government cover the cost of government-run medicare or the private health insurance? >> oh, yeah, people will have a choice of at least two plans where they have no additional out-of-pocket cost other than the traditional medicare formula so they've got to have at least a couple options where they don't have to put up more money. as to the government plan, as long as the government is able to keep its cost down, keep its overhead down it could well be one of the lowest costs, if not the lowest cost option. >> pelley: separateedly republican party said today that it has filed a com
referred to the government of israel as "a fake government." as for the united stateses he said it's "world domination" is at the root of all the wore's -- world's time. it is time for a new world order in his view. listen to him speaking. (inaudible). >> the bitterness of history is due to the wrong management of the world and the self-proclaimed leader whose have entrusted themselves to the devil. >>jonathan: now, president ahmadinejad will leave the united states for what may well be the last time. he will do that aboard an iran air jet which, interestingly, has been stored at joint base andrews outside of washington, dc, all week, for security reasons. >>shepard: the new egyptian president morsi spoke, as well. >>jonathan: as president ahmadinejad made the last week, so did the new egyptian president morsi, picking up the antiisraeli baton from president mahmoud ahmadinejad, saying israel should end occupation and settlement. he criticized the american free speech laws that allowed the antiislamic video to be made here in the united states. he also completely reflected and echoed langua
. instead of having a single government, trying to decide how to solve these problems, they have 17 countries in the euro zone, each one with its own parliament and politics. the process of making decisions has been very difficult. the problem, a very simple way of looking at the problem is that the 17 countries of the euro zone have single monetary policy. the european central bank and euro -- they have 17 different fiscal policies. they are not able to support each other during a period of recession which they are currently in. what is needed is some ongoing structural reforms that will, first of all, improve their cooperation and coordination on fiscal policy and they are trying to do that. the second very useful step would be what they are calling banking union which is making bank supervision, oversight, capitalization, responsibilities of europe as a whole and not of each individual country. in order to get to that point, they have to keep stability in the market and the ecb has done some very constructive things in terms of its financing operations, more recent proposals to t
: i hate to say mitt romney is a loser now six weeks out. there's a lot of campaigning government of the oddball fbn -- melissa: sounds like four people abetting. charlie: the lot of people betting and it is usually right but it moves around a lot and it is usually right. in any event we are not announcing that romney is dead and the campaign is over. we are saying what they're saying and wall street and it is not just the traders that use it but used by traders and also inside the executive suites they don't see a chance for mitt romney winning and right now what they are looking for and wall street generally forward predictors' who will be breaking their chops the most and has most influence over what they do and that usually is a combination that the head of the federal reserve and ben bernanke and the new york fed and the treasury secretary so this is my statistically insignificant survey of wall street executives and who is in running for this job. jack lew is inside the white house and white house chief of staff pretty high marks. they think he is the most likely guy to be t
that sent investors into the perceived security of u.s. government debt. so bond yields here are down slightly. 1.65 on the 10-year. on the 30-year note you're looking at a yield of 2.83%. we're back after this [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i'm lori rothman with your fox business brief. bank of america reached a settlement in the merrill lynch acquisition related class-action lawsuit. under th
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